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new york newspaper chooses to publish the names and addresses of thousands of private citizens who have legal gun permits. can the mainstream media still claim not to hate all gun owners after a stunt like this? "the kudlow report" starts right now. let's get the latest on the snag on the fiscal cliff talks and surprise news we are going to reach the debt ceiling in days instead of just a few months. john harwood has the details. what's going on? >> not a whole lot of actions going on. although there have been some developments. let me bring our viewers up to date on those. first of all, treasury secretary geithner this afternoon announced the united states would hit the statutory debt limit on monday. that's new year's eve. that's part of an effort to pressure congress to act to raise the debt limit which may or may not be direct limb reply indicated in the fiscal cliff talks but it is relevant to the larger issue of debt and deficits. the treasury can move money around in certain ways to extend the point where we actually reach a crisis for probably a couple of months. but this i
and britain. and here at home, california and new york are passing through the 50% tax rate barrier. is anybody looking at how tax hikes fail the test of economic growth? >>> back here in the u.s., could it be michigan which used to call itself the worker's paradise union state is now moving towards new anti-union right-to-work legislation and it looks like it's going to pass? but first up, budget talks resume between speaker john boehner and president obama today. with just 25 days to go, let's keep tabs on where we stand. reports of a conservative backlash against speaker boehner simply not true. he has the solid support of his leadership and the rank and file. but there is concern among some in the gop that they are at risk of becoming the party for rich people while president obama and democrats stake their claim on the middle class. and my tax rate flexibility with higher -- here's what the president said earlier today. >> i'm not going to sign any package that somehow prevent prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can ge
for the amtrak program that's never been done. what is going on here? the people in new york who are still suffering need direct assistance. none of this is direct assistance. >> hello, larry. of course what's going on is business as usual here in washington. listen, i think there's bipartisan support to realize that this is emergency. we want to get money flowing to the people that need it. but let's get some information. let's not create a christmas tree here and load it up with all kinds of different ornaments. let's take a look at what the true need is, short term and then longer term. and let's do this in a measured fashion. so from my standpoint, i think it makes an awful lot of sense. we've got nine months left till fiscal year 2013. that's kind of the line of demarcation. we should be looking at what needs to be appropriated for the rest of fiscal year 2013. and then, you know, how about we pass a budget for fiscal year 2014 where we can consider the rest of the spending in a proper format where we're actually getting the information on how this thing really should be spent. >> i'm
. tonight we will hear from outspoken tv host piers morgan and former new york mayor rudolph giuliani. "the kudlow report" begins right now. >>> first up, the latest on the vote of plan b. the plan b bill sponsored by john boehner that may decide how deep into january they have to go for a solution. may decide the fate of the economy and the stock market and decide the fate of jaohn boehne and ultimate lif the second term agenda of president obama. john harwood joins us now live with all the details. good evening, john. >> reporter: good evening, larry. you know, the house has now passed on a party line vote, zero democrats in favor, about 20 republicans defecting the spending cut portion of john boehner's plan b. it would cut about $200 billion in spending, overt the automatic sequester cuts to defense programs that republicans have been opposed to. now, the debate bef bthe passage of that spending cut bill, and we still have yet to see the passage of the tax increase bill, which is gotten resistance from conservatives, that was an opportunity for both parties to frame the stakes, and eric
. peter goodman. he's the huffington post business editor on a former "new york times"man. we welcome back republican congresswoman nan hayworth and haddy heath, senior policy analyst with the independent women's forum. okay. so mcconnell laughed at the tim geithner proposal. and john boehner says we're at a stalemate. and president obama himself is kind of getting ugly about this enemy's list. we've seen this before from him. my proposal is, republicans have to come with a counter offer. right now. there's no point in blasting obama. just a counter offer. i want to read from today's newspaper. this is what mitch mcconnell said. "higher medicare premiums for the wealthy, an increase in the medicare eligibility age, and a slowing of costs of living increases for programs like social security. and then republicans would agree to include more tax revenue in the deal but not from higher tax rates." now, let's just look at this for a second. we'll go to you first, nan. he wants medicare eligibility, he wants medicaid reforms, he wants spending cuts. then he'll talk revenues. that seems reasonab
maybe we can do something here. >> i'm just saying somebody has a mandate. look we had this in new york city in the 1970s. know liked it. but then governor hugh carey, okay, bless his soul, mandated, forced, jammed through financial emergency control boards for the state, doc, and for the estimate nobody liked it. but new york was bankrupt. he had to do it. i think governor snyder has got to do the same thing. and i think mayor dave bing has got to also go along with that. otherwise they're going to be left in the lurch. there's no money in the federal till, doc. you know that. there's no money in the federal till to bail out detroit, especially after we bailed out gm and chrysler already. >> larry, i say let it fail. i'm sorry. you have. to i want those people to have local control. they fought for that local control. they should have a vote. the citizens of the city of detroit should have a vote. but it should fail when it goes wrong. that's what has to happen. the good news is we've now got in michigan as of yesterday we've got legislation pass today make michigan a right to work sta
through a pretty hostile democratic leader. >> the same would be true in new york. you'd never get it past the new york legislature. let me ask you one more thing. my theory is the unions are screaming bloody murder here because they are being hurt where it hurts the most, in the pocketbook. it's their political dues, right, which is really at stake here. their membership is freaking and now in man couldn't. >> this is why they're squealing like stuck pig ps. >> and this is why the media is helping them out. if this money doesn't come, in where are they getting that money from? >> and where are they going to get the political money from? you take michigan, big state, but they still have 17% union, some such thing. is this a demise of the political power? >> it could be if they doesn't start protecting their union members. we saw with host eest. >> if he don't continue to their their jobs, yeah, it could be deet miz. >> that is it for this evening as show. thanks for watching, everything. we will see you tomorrow night. americans are always ready to work hard for a better future.
was interesting. he ended his last speech at the economic club of new york, i believe, by saying if we could just get past what is ultimately a stupid debate. >> right. >> there's some momentum here. and quite frankly for a lot of us in the market, we'd like to move past this. >> do you expect, however, while we fight for this fiscal cliff baloney, do you expect the market selloff? >> sure. >> today notwithstanding, but it finished well off the lows today. >> as jackie talked about, it's up for the week. for the month. i think there's still a modest positive gain. what's interesting in this debate is the two previous times we've increased capital gains, nixon in 1970 and reagan, of course, with the tax reform act of '86. the december preceding the adjustment, the stock market was down. december 1969, december 1986. i don't think people have believed they wouldn't get a deal. when we talked about we're going over the cliff after the election, i think we were the only ones in some level, at least prominence in the ability of coming on your show. we were the only ones saying that could happen. >> ca
mistifying to be down there today. i like the cliffs and the floor of the new york stock exchange. there is always a bull market somewhere. i will see you tomorrow. >> good evening everyone. i'm larry kudlow. three major stories tonight and they all have financial and political fallout. starting in michigan where protesters stormed the state capitol to fight a right to work vote. >> on the way, and this issue boils down to fairness. but there are different opinions and viewpoints. we have details straight ahead. >> larry, at the white house we have a flurry of activity on the fiscal cliff. exchange of offers and not sure how much real progress there is. but we'll have the details. >> and optimism. and the fed driving the market higher. first time since mid october. the kudlow report begins right now. >> all right but we begin with the breaking news coming out of michigan where republican governor snyder just signed into law a right to work bill. lawmakers passed it today despite thousands of union workers who came to protest. we have the late ev. good evening ron. this one got pre
remember that disco is few years ago in new york where the guy was thrown out. he went and got gasoline and matches and managed to kill all those people without even entering the place. all these solutions make sense. but you can never fully defend yourself against a madman. >> do we know where the mother was killed, at the home in newtown or at the school? >> no. someone was killed at that home. there are two crime scenes in newtown. the first thing i saw when i put on the television, a woman saying, i can't believe it happened here. again, it's mental illness. i would imagine there's more guns in the inner city than in newtown. it's not a case of that. we have to somehow have a way of finding these people, identifying these people and preventing this. >> and yet as we all know we don't want to -- there is a very high incidence of mental illness, very small incidence relative fo tto the amount of ml illness of these kinds of hideous events. how do we not stigmatize people who will never, ever commit or come close to committing a crime like that? these really are -- >> multiply point ab
of new york, there's more abortions than birth, that's depopulation. if you have a policy in which 5,000 children, black kids in louisiana, or 2,000 children in d.c. are taken out of good schools and put back into failing schools because they decide that the union is more important, that's anti-black. you're looking at the davis bacon act, which is anti-black entrepreneurs, which unions are given precedent over black businesses in the black community, or you look at minimum wage, which is very advantageous to the unions, but keeps black teenagers from getting opportunities to get a chance to work. there are many, many policies that have been put in place by liberals -- >> you're basically saying the entitlement state, government direction, and government dependency is hurting the black community. that seems to be your message, am i right there? >> that's the message, and we have a 50-year opportunity to see what's happened to that. my dad's generation would be ashamed to see what's happened to the men of our race. we have black middle class, we should be the people that pull the othe
? joining us now in studio, we welcome distinguished house members carolina maloney of new york and larry kudlow's house member in manhattan. and the republican from arizona. as always, welcome to both of you. dave, let me ask you this. i'm hearing a lot of this that there is a strategic retreat by the republican party. 57b and that they are not either in the house or senate going to block the middle class stax tax cuts which proliferate in terms of the bill. is that true, sir? >> i haven't been invited into the strategic retreat caucus. look. i hear more on the news than i ever actually come across in reality in d.c. so far, i do not see a willingness, particularly on the conservative side of the caucus, to give away our principles. >> i heard rand paul thursday night on this show. he sent a message to majority leader reed that he, rand paul, was a tea party caucus guy, free market guy, will not filibuster. he wants to get through it. he's going to vote against tax cuts but will not filibuster. there are a coup ohlele dozen house members, as you know, who signed the bipartisan letter say
in new york. >> absolutely. you don't have to just trade the s&p 500. i mean, look at tonight, you're seeing australia up a third of a point. the japanese yen is doing very well. look at hong kong. if you want to take what the federal reserve did and apply it internationally, look at hong kong. their monetary policy is pegged to what the federal reserve does. but they have an inflation issue and their economy is tied to china. so if you buy something like ewh, the hong kong etf, all those stocks are priced in hong kong dollars. if the hong kong dollar is repegged, the ewh will go up as much as the repegging. >> what does that mean for the u.s. market? where are you on the u.s. market right now? >> you know, i think right now, probably to the end of year, if we can get some kind of movement on this fiscal cliff, you have a real potential for a pop, 3%, 4%, 5%. unfortunately, as i look to 2013, i'm looking at u.s. austerity. so the question is how much is that going to be, and if it's a lot and the rest of the world can't pick up the slack, then we've got problems. if it's just a lit
for "the new york times" and "the huffington post." it depends on the small business. it's funny when people say all small businesses will be affected if the fiscal cliff does hit, but don't forget, there's over 20 million small businesses in this country and it depends what business you're in, where you're located and what business you're in and where your customers are and there are factors when you start to generalize. >> we hear it mostly on the taxation side. if you raise taxes on people who make more than $250,000 don't forget a lot of small businesses file as individuals and make more than $250,000. >> it's absolutely true. i mean, but most small businesses, particularly my readers and the clients that i have, they're bracing for that. it seems an ineshvitablility th there will be increases in capital gains and interest rates and estate taxes next year and that all seems to be on the board. >> health care will get more expensive if they provide it. >> michelle, remember, it's not going cripple many small businesses. it's a deterrent from them investing and it's a deterrent from
will be on taxes? >> i see it going off to 200, and i think democrats especially from new jersey, new york, connecticut, that would be fine with them and it's just a matter of damage control. >> and will republicans have to pay in any way for something that has no spending cuts in it. >> ideally, a lot of these guys would like to wait until january so they can say we voted for a tax cut and the new status quo is where all of the taxes have gone up. i'm sure there will be primary challenges. >> what do you think? >> first of all, let me be clear. i think 50/50 at best for exactly the reason you cited. i can't imagine that reid and mcconnell are having a happy discussion right now, so there will be serious differences there. for example, if mcconnell insists on keeping the estate tax parameters where they are instead of going where the president is, that completely seals the deal and that's one piece. >> michelle, you've made that point throughout the show, and i partially agree with you, but i will tell you this. right now everybody in this town is focused on taxes and preventing 98% of hou
Search Results 0 to 14 of about 15

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